Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target Raised to C$18.00

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its target price increased by National Bankshares from C$17.50 to C$18.00 in a research report sent to investors on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also recently commented on CHE.UN. Scotiabank cut shares of Chemtrade Logistics Income Fund from an “outperform” rating to a “sector perform” rating and raised their target price for the company from C$15.00 to C$17.00 in a research note on Friday, November 14th. Royal Bank Of Canada boosted their target price on Chemtrade Logistics Income Fund from C$14.00 to C$18.00 in a report on Thursday, November 13th. CIBC upped their target price on Chemtrade Logistics Income Fund from C$16.00 to C$19.00 in a research report on Friday, November 14th. BMO Capital Markets lowered their price target on Chemtrade Logistics Income Fund from C$20.00 to C$18.50 and set an “outperform” rating on the stock in a research report on Friday, January 9th. Finally, Raymond James Financial raised Chemtrade Logistics Income Fund from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from C$16.00 to C$21.00 in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$18.21.

Chemtrade Logistics Income Fund Price Performance

Shares of CHE.UN opened at C$15.24 on Monday. The firm has a market capitalization of C$1.76 billion, a price-to-earnings ratio of 15.88 and a beta of 1.18. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40. Chemtrade Logistics Income Fund has a one year low of C$8.50 and a one year high of C$15.88. The stock’s fifty day moving average is C$14.51 and its 200-day moving average is C$13.28.

Chemtrade Logistics Income Fund Company Profile

Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. The company organized into four main operating segments: Sulphur Products and Performance Chemicals (SPPC), Water Solutions and Specialty Chemicals (WSSC), Electrochemicals, and Corporate. It generates maximum revenue from Electrochemicals segment. Chemtrade operates in Canada, the United States, and South America of which maximum revenue comes from the United States. SPPC markets, remove and produces merchant, regenerated and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services.